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As of August 01, 2026, the average salary for a New Business Development in Maryland is $441,623 per year, which breaks down to an hourly rate of $212.
However, a New Business Development's salary can vary significantly. Here’s a look at the typical salary range:
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New Business Development Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $484,704 | $40,392 | $9,321 | $233 |
| Average | $441,623 | $36,802 | $8,493 | $212 |
| 25th Percentile | $411,381 | $34,282 | $7,911 | $198 |
HHA Home Care LLC - Rockville, MD
Rapid Finance - Bethesda, MD
CSC Generation - Baltimore, MD
DreamCrafters Management - Columbia, MD
A New Business Development's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a New Business Development's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Business ... Level New Business Development | $179,377 |
| Business ... Level New Business Development | $217,213 |
| Vice Pres... Level New Business Development | $279,300 |
| SVP of Bu... Level New Business Development | $330,860 |
| New Busin... Level New Business Development | $443,723 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract New Business Developments. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For New Business Development roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 20% above the average. In contrast, New Business Development positions in Biotechnology or Transportation typically offer lower base pay, as these industries often view New Business Development as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $529,948 | $255.0 | 20% |
Understanding how a New Business Development's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $484,704 | $40,392 | $9,321 | $233 |
| Average | $441,623 | $36,802 | $8,493 | $212 |
| 25th Percentile | $411,381 | $34,282 | $7,911 | $198 |
Ready to take the next step in your career? Browse thousands of current New Business Development job openings on our job board. Use the search bar below to find your perfect match.
MITAGS
Linthicum Heights, MD
MITAGS | Linthicum Heights, MD
Job Description. Job Description. Description. Maritime Business Development Manager. Strategic Partnerships • Business Development • Maritime Training. Lo... more
6 Days Ago
Northrop Grumman (Corporate)
Elkton, MD
Northrop Grumman (Corporate) | Elkton, MD
Staff Business Development Representative. Northrop Grumman Defense Systems is seeking a Staff Business Development Representative to support our Propulsio... more
7 Days Ago
Skilled Wound Care
Baltimore, MD
Skilled Wound Care | Baltimore, MD
Job Description. Job Description. At Skilled Wound Care, we don't just fill roles - we build partnerships, and our culture is the foundation everything is ... more
7 Days Ago
Riggs Industries
Baltimore, MD
Riggs Industries | Baltimore, MD
Job Description. Job Description. Riggs Industries is looking for a Business Development Specialist to promote the capabilities of our full-service industr... more
7 Days Ago
Leap
Columbia, MD
Leap | Columbia, MD
Job Description. Job Description. About Us. At Leap, we're on a mission to transform the home improvement industry - and we want you to be part of that jou... more
7 Days Ago
American States Water
Suitland, MD
American States Water | Suitland, MD
Business Development SpecialistThrough its wholly owned subsidiaries, American States Utility Services, Inc. contracts with the federal government to provi... more
8 Days Ago
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